Eric Zwick, a Professor of Economics and Finance at the University of Chicago's Booth School of Business, dives into the Tax Cuts and Jobs Act of 2017. He examines whether it lived up to its promises, revealing a significant drop in tax revenues despite some investment uptick. Zwick discusses the act's impact on corporate tax rates and income inequality, as well as future implications as the act nears expiration. He also shares insights on small business growth, and they even mix in some fun with a playful chat about baking pie!

Eric Zwick, a Chicago Booth professor specializing in tax policy, discusses the potential expiration of the 2017 Tax Cuts and Jobs Act. He delves into whether tax cuts truly yield the promised economic benefits and the uneven effects on different income groups. Zwick analyzes the balance between government spending and the national debt, the historical performance of recent tax reforms, and the ideological clash over tax policy. He also explores future proposals for tax cuts and their implications on inflation and government revenue.